|Approval Date||27 Feb 2013|
|Signature Date||27 May 2013|
|Planned Completion Date||31 Dec 2015|
|Last Disbursement Planned Date||31 Dec 2015|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||11330|
The Transport Sector and Economic Governance Reform Program (TSEGRP) is designed to assist the Government of Nigeria (GoN) to implement its Transformation Agenda and reform priorities in the areas of Public Financial Management (PFM) reform and road transport sector. It should facilitate better management and financing of the road sector, for both investment and maintenance. The PFM reforms should ensure better overall planning, transparency and accountability of public funds that also serves the infrastructure sector and complement sector reforms. The proposed operation should provide support to the 2013–2014 budgets’ objective of maintaining fiscal stability and continuing emphasis on prioritizing investment in infrastructure development. It should also complement the on-going Government work and expand the practical implementation of the Government Integrated Financial Management Information System (GIFMIS), and the Treasury Single Account (TSA) in all Ministries, Departments and Agencies (MDAs). The expected outcomes of the program are (i) improved fiscal discipline and efficiency/effectiveness of public expenditures; and (ii) improved transport network and maintenance. The program has two components, namely: (i) strengthening public expenditure management; and (ii) improving transport sector governance to enhance accessibility and sustainability of public investment in road infrastructure.
The program’s overarching development objective is to promote inclusive economic growth through strengthening road transport sector governance and greater transparency and accountability of public financial management. The operational policy objective is to improve transparency and accountability in managing public resources, and increase public spending in road infrastructure development essential for inclusive growth.
The direct beneficiaries of the programme are Nigeria’s key public institutions of PFM responsible for fiduciary control, and ministries responsible for the delivery of the road transport infrastructure development. The indirect beneficiaries are the population of Nigeria in general, who should benefit from better public financial management and improved fiscal space for infrastructure.
African Development Bank
GOVERNMENT OF NIGERIA
|Last Update||11 Jul 2020|
|Name||LUMBILA Kevin Numbi|